GL Balance transfer to another books

Dear All,

   We have two set of books, i.e. X and X MIS set of books. Each period we transfer the YTD balances from X to X MIS set of books and last period transfer entry is reversed.

   In order to carry this activity at the beginning of FY i.e. April 13-14 the steps will be

                 1.  Take the trial balance from X MIS for Apr 13-14.

                  2. Pass the JE for the balances brought forward in Apr-13-14 by posting reverse entry to make Apr-13-14 books with Zero balance.

                  3. Transfer the X YTD balances of Apr-13-14 to X MIS set of books.